The FCC repealed net neutrality — and cable companies fell

Federal Communications Commission Chairman Ajit Pai arrives for his confirmation hearing for a second term as chair of the commission before the Senate Commerce, Science and Transportation Committee in the Dirksen Senate Office Building on Capitol Hill July 19, 2017 in Washington, DC.

Many of the largest internet providers in America started the day down in anticipation of the FCC’s vote, and all but Comcast ended the trading session lower than their open. The S&P 500 started the day in positive territory but ended the day down 0.39%.